Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • India
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)
Status: Pending
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2018-09-01
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Republic of India
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Water and Sanitation
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD): $ 145.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 413.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ AIIB website
Updated in EWS: 2018-01-03
Disclosure Date: 2017-12-06
West Bengal Major Irrigation and Flood Management Project
AIIB-000054

Project Description
The project aims to optimize the joint use of surface and ground water for agriculture and reduce flooding. It hopes to improve irrigation and agriculture in the Damodar Valley Command Area and reduce flooding in the Lower Damodar subbasin area.
Investment Description
Loans/Credits/Others Amount (in millions) World Bank - 145 AIIB - 145 GoWB - 123
Contact Information
PROJECT CONTACTS Asian Infrastructure Investment Bank (AIIB) Mr. Chuanzhi Su Project Team Leader/Senior Investment Operations Specialist Tel: +86 10 8358 0176 E-Mail: csu@aiib.org World Bank Mr. IJsbrand H. de Jong Task Team Leader/Lead Water Resources Specialist Tel: +91 11 4924 7843 E-Mail: idejong@worldbank.org Borrower Ms. Bandana Preyashi Director Department of Economic Affairs, Ministry of Finance, Republic of India E-Mail: bandana.preyashi@gov.in Implementation Agency Mr. Debasish SenGupta Joint Secretary Irrigation & Waterways Department, Government of West Bengal Tel: +91 94 3321 6743 E-Mail: jsworkswbiwd@gmail.com ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.
Bank Documents